University Park Illinois Income Charts

This section shows the University Park Illinois economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, University Park depicts it has a Median earnings of $44,313 which is the second smallest when sorted by median earnings per worker of all the other places in the metro area. The city with the highest median earnings per worker in the area is Crete which shows a median earnings of $60,774 (37.1% larger). Comparing median earnings per worker to the United States average of $49,041, University Park is about 10.7% smaller. Also, measured against the state of Illinois, median earnings per worker of $52,292, University Park is about 18.0% smaller.

In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $52,250 which is the second smallest when ranked by median household income of all the other places in the area. The city with the highest median household income in the area is Matteson which depicts a median income of $83,729 (60.2% larger). Comparing median household income to the United States average of $62,843, University Park is about 20.3% smaller. Also, measured against the state of Illinois, median household income of $65,886, University Park is approximately three-fourths the size.

The next section examines a variety of different income statistics for the University Park metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 4.9% of the total. Second, it has the largest proportion of earnings between $15,000 and $19,999 at 36.9% of the total and is ranked #1.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 37.9 which is in the intermediate range of other places in the local area. The city with the highest average hours in the area is Crete which shows an average hours of 39.6 (only about 4.5% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has a Avg Hrly Earnings of $22.48 which is the smallest when ranked by average hourly earnings of all the other places in the metropolitan area. The city with the highest average hourly earnings in the area is Monee which shows an average hourly earnings of $29.52 (31.3% larger). Comparing average hourly earnings to the United States average of $24.31, University Park is about 8.1% smaller. Also, measured against the state of Illinois, average hourly earnings of $26.05, University Park is about 15.9% smaller.

Figure 7 examines the number of self employed people in the University Park metro area based on the number of people who reported any self employment income. University Park depicts it has a Self Employed of 3.9% which is the second smallest when sorted by percentage of people self employed of all the other places in the metro area. The city with the highest percentage of people self employed in the area is Crete which shows a percentage self employed of 8.6% (approximately 2.2 times bigger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years less than most other places in the metropolitan area at $59,578 of the total. Second, it has the second smallest as measured by median income for those under 25 years of age of all the other places in the surrounding region when ranked by median income-25 to 44 years at $48,107 of the total. Third, it has one of the largest proportions of median income-45 to 64 years at $47,778 of the total and is ranked #3. Only #2 Crete ($63,867), and #1 Matteson ($64,286) are larger.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 17.2% which is the second smallest when ranked by households with retirement income of all the other places in the metro area. The city with the highest households with retirement income in the area is Crete which shows a households with retirement income of 27.0% (56.5% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the smallest proportion of overall family income at $34,205 of the total. Second, it has less than most other places in the area in order of white family income at $61,061 of the total. Third, it has one of the largest proportions of hawaiian family income at $52,321 of the total and is ranked #3. Only #2 Park Forest ($54,474), and #1 Crete ($87,240) are larger.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. University Park shows it has the hightest cost of 116.1 for the cost of utilities grouping.

University Park Illinois Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2020, the Covid 19 recession or great recession occurred and affects this metric. . It depicts that from February 2010 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 14.2% to 4.2% in December 2019. This represents a decrease in the monthly unemployment rate of 70.4%. Since that time, the monthly unemployment rate has gone to 4.2% This represents an increase in the monthly unemployment rate of very little. In Figure 15 the monthly labor force participation which are people actively looking for work are also defined as unemployed but do not include people who have given up looking for work. . It depicts that from February 2010 to before the disasterous COVID Pandemic the monthly labor force participation went from 10,354 to 9,690 in December 2019. This represents a decrease in the monthly labor force participation of 6.4%. Since that time, the monthly labor force participation has gone to 9,690 This represents an increase in the monthly labor force participation of very little.

The next two charts look at the annual unemployment rate/eligible for unemployment benefits and is based on the American Community survey. Figure 16 shows University Park shows it has a Unemployment Rate of 5.6% which is in the mid range of other places in the local area. The city with the highest unemployment rate in the area is Richton Park which shows a rate of 8.5% (50.8% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. University Park depicts it has a Labor Force Participation of 62.5% which is less than most other places in the greater region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. University Park depicts full time employees approximately 3.5 times bigger as the part time employees.

The next employment related data item is shown in Figure 21 which is the percentage of families with only a single earner in the greater University Park area. University Park shows it has a Single Earner Families of 32.6% which is the third most families with a single earner of all other places in the greater University Park region. The city with the highest families with a single earner in the area is South Chicago Heights which indicates a single earners rate of 39.9% (22.6% larger). The percentage of families with no one working is depicted in Figure 22. University Park depicts it has a Families with No One Working of 14.4% which is the third most families with no one working of all other places in the greater University Park region. The city with the highest families with no one working in the area is Crete which depicts a families with no worker of 19.7% (36.8% larger).

University Park Illinois Poverty Charts

The next section details economy analysis about poverty for residents of the University Park community. This performance can be enhanced by government programs such as economic opportunity zone to influence manufacturing, job growth, economic opportunity an hopefully lead to economic recovery after the recent Covid 19 recession. In Figure 23 the total number of people earning less than the poverty level are shown. University Park depicts it has a Total In Poverty of 693 which is less than most other places in the surrounding region. The city with the highest total people earning less than the poverty level in the area is Park Forest which depicts a total people earning less than the poverty level of 2,883 (approximately 4.2 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. University Park shows it has a Percent of Population In Poverty of 10.0% which is less than most other places in the metropolitan area. The city with the highest percent of people earning less than the poverty level in the area is South Chicago Heights which shows a percent of people in poverty of 24.2% (approximately 2.4 times bigger).

In Figure 25 people who are in poverty are broken out by age group. University Park has the smallest proportion of person in poverty 18 to 34 years at 10% of the total. Second, it has the largest proportion of person in poverty 35 to 54 years at 31% of the total and is ranked #1. Third, it has the second smallest in order of person in poverty under 12 years of all the other places in the metro area in order of person in poverty 55 to 64 years at 6% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. University Park has one of the largest proportions of hawaiian poverty rate at 34% of the total and is ranked #2. The only larger city being Matteson with 79%.

Figure 27 shows key poverty statistics for groups based on marriage status. University Park has the percentage of married with children and in poverty the second smallest when sorted by married with children and in poverty of all the other places in the surrounding region at 12% of the total. Second, it has the second smallest in terms of married with children and in poverty of all the other places in the local area in order of unmarried with children and in poverty at 10% of the total. Third, it has one of the largest proportions of unmarried female with children and in poverty at 22% of the total and is ranked #2. The only larger city being Crete with 34%.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. University Park has the percentage of highschool graduate and in poverty the second smallest in order of less than highschool in poverty of all the other places in the greater region at 4% of the total. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. University Park has the percentage of people who are in poverty and employed the second smallest in order of people who are in poverty and employed of all the other places in the area at 1.3% of the total. Second, it has the second smallest when ranked by people who are in poverty and employed of all the other places in the greater region in terms of people who are in poverty and unemployed at 12.4% of the total. Additionally, Figure 30 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) University Park depicts it has a Public Assistance Percent of 32.1% which is more than all other places in the metro area.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). University Park shows it has a Gini Index of 38.8% which is the second smallest when ranked by the gini index of all the other places in the greater region.

University Park Illinois Work Commute Charts

The following set of charts detail a variety of metrics that have economic impact, economic grow factors and economic development metrics in the University Park community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 32 shows a high level view of how the population commutes to work (including the percent of people who work from home.) University Park has the largest proportion of people who drive a car or motorcycle to work at 12% of the total and is ranked #1. Second, it has the largest proportion of people who take public transportation to work at 1% of the total and is ranked #1. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown University Park or elsewhere.) University Park has the smallest proportion of people who drove alone at 73% of the total. Second, it has the largest proportion of people who take a Subway or elevated rail at 4% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. University Park has the smallest proportion of people who leave for work between 530 am to 6am at 6% of the total. Second, it has the largest proportion of people who leave for work between 6am to 630am at 16% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 730 am to 8am at 9% of the total and is ranked #1. Also, it has the smallest proportion of people who leave for work between 10am to 11am at 0% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. University Park has the smallest proportion of people with commute time of less than 5 minutesutes at 2% of the total. Second, it has the largest proportion of people with commute time between 60 to 89 minutes at 7% of the total and is ranked #1.

The average commute time is shown in Figure 37. University Park shows it has a Avg Commute Time of 38 which is the third most average commute time of all other places in the greater University Park region. Figure 38 shows the difference between male versus female commuting time. University Park depicts average commute time in minutes for men approximately half the size as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and University Park has one of the largest proportions of no vehicle available at 32% of the total and is ranked #3. Only #2 Park Forest (33%), and #1 South Chicago Heights (35%) are larger. Second, it has the smallest proportion of 3 vehicles available at 3% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) University Park depicts it has a Work in city or place where live of 8% which is less than most other places in the metro area. The city with the highest people who both work and live in the same city in the area is Crete which depicts a people who both work and live in the same city of 14% (67.9% larger). Comparing people who both work and live in the same city to the United States average of 42%, University Park is approximately a fifth the size. Also, in comparison with the state of Illinois, people who both work and live in the same city of 38%, University Park is approximately a fifth the size.

University Park Illinois Jobs Charts

The next to charts break out the median earnings for major job categories for men and women. Figure 46 shows the median earnings of men for the job categories. University Park depicts it has the hightest median earnings of $76,450 for the earnings-protective service occupations classification. Similarly, Figure 47 shows the median earnings of women for the job categories and University Park depicts it has the hightest median earnings of $70,114 for the earnings-healthcare practitioners and tech occupations group. The table in Figure 48, shows University Park employment data in terms of job categories and salary data.

University Park Illinois Self Employment Charts

Figure 49 shows economic activity in terms of the number of people who are self employed in incorporated local business by industry. University Park shows it has the hightest entrepreneurs of 100% for the self employed in sales and office related businesses grouping.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. University Park depicts it has the hightest entrepreneurs of 69% for the self employed in retail trade grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. University Park depicts it has a Self Employment Income of $20,225 which is the second smallest when ranked by average annual self employment income of all the other places in the greater region. The city with the highest average annual self employment income in the area is Crete which shows an average annual self employment income of $78,496 (approximately 3.9 times bigger). Comparing average annual self employment income to the United States average of $39,154, University Park is approximately half the size. Also, in comparison with the state of Illinois, average annual self employment income of $38,734, University Park is approximately half the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) University Park shows total number of self-employed men approximately half the size as the total number of self-employed women.